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Description

1.49 acre development parcel in Chestermere with excellent frontage onto Rainbow Road. Backing onto the canal and government reserve with a mountain view, this is a great site for commercial or multi family. It is in the Edgewater Area Structure Plan proposed designation as a high density multi-family site that would hold 54 units. Currently zoned temporary commercial This property is a great holding property generating an annual gross income of $60,800. Please do not access property or bother tenants. It is on a major road that runs North to South through Chestermere connecting the Trans Canada Highway to the 1A and Glenmore Trail. Chestermere is a city of 20,000 that is located across the road from Calgary’s Eastern border. There is no senior’s housing available in town and a great need. There is also not any true office buildings, only strip malls with high priced retail space being used as offices.

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